The US economy is facing uncertainty ahead of Donald Trump's inauguration, with the Conference Board's Expectations Index dropping to a five-month low. This decline in consumer confidence is a significant concern, as it can have a ripple effect on the US stock market and the national economy ¹.   Rising inflation and interest rates, coupled with Trump's reportedly inflationary

Jimmy Carter, the 39th president of the United States, passed away at the age of 100. The Carter Center announced that he was surrounded by his family at his home in Plains, Georgia, during his final moments. Tributes from Leaders President Joe Biden: Described Carter as a “model of what it means to live a life of meaning and purpose”

A new report reveals that 2024 is set to become the warmest year on record, with global temperatures averaging 1.5°C above pre-industrial levels, marking a significant milestone in the climate crisis. According to Copernicus, the year also saw an alarming increase in extreme heat days, with the world experiencing 41 more days of dangerous heat than in previous years. The study, conducted by World Weather Attribution (WWA) and Climate Central, indicates that small island nations bore the b

President-elect Donald J. Trump intensified his rhetoric this week, threatening to reclaim control of the Panama Canal. Trump accused Panama of permitting Chinese military presence at the canal and overcharging U.S. ships, though these claims lack evidence. He has demanded lower fees for U.S. vessels and insisted that the canal be returned to American control "quickly and without question" once he takes office next month. In a fiery statement on Wednesday, Trump announce

Beijing: China has greenlit the construction of what is set to become the world’s largest hydropower dam, marking the beginning of a monumental project on the eastern edge of the Tibetan plateau. This development has the potential to impact millions of people downstream in India and Bangladesh. The dam, planned for the lower stretches of the Yarlung Zangbo River, is projected to generate an estimated 300 billion kilowatt-hours of electricity annually, a

External Affairs Minister S. Jaishankar is scheduled to visit the United States from December 24 to 29, 2024. During this trip, he plans to engage with officials from both the outgoing Biden administration and the incoming Trump administration to discuss key bilateral, regional, and global issues. While specific details of his meetings have not been disclosed, the Ministry of External Affairs (MEA) has confirmed that Mr. Jaishankar will chair a conference of Indian Consul Generals i

As we transition from 2024 to 2025, several global trends and findings have emerged, shedding light on the current state of the world and offering insights into the year ahead Global Happiness Rankings The World Happiness Report 2024 reveals that Finland continues to lead as the world's happiest country, followed closely by Denmark and Iceland. Notably, the United States has dropped out of the top 20 for the first time, ranking 23rd. This decline un

Prime Minister Narendra Modi was honored with Kuwait's highest accolade, the 'Order of Mubarak Al Kabeer,' on Sunday. The award was presented by Kuwait's Amir, Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah. This marks the 20th international honor bestowed upon PM Modi by various nations. The 'Order of Mubarak Al Kabeer' is a prestigious Kuwaiti knighthood conferred upon Heads of State, foreign sovereigns, and members of royal families as a sym

Billionaire Jeff Bezos has refuted reports claiming that his upcoming wedding to fiancée Lauren Sánchez will cost $600 million. Addressing the rumors on social media platform X, Bezos labeled the claims as "completely false" and cautioned the public against believing such misinformation.  Investor Bill Ackman also expressed skepticism, suggesting that such a sum would be implausible "unless you are buying each of your guests a house." Bezos con

 Elon Musk, the world's wealthiest individual, is increasingly becoming involved in global politics, extending his influence far beyond the business world. In recent developments, Musk has met with Nigel Farage, the leader of the Reform UK party, to discuss possible financial support, with Musk considering a $100 million donation to help the party. Farage has expressed admiration for Musk's political strategies, especially his cash incentives to encourage voter turnout, a tactic

The Bharat Mobility Global Expo, scheduled for January 17-22, 2025, is poised to become the world's largest event in the automotive sector, with over 1,500 exhibitors and an expanded exhibition space of 200,000 square meters. This second edition of the expo will bring together leading global vehicle manufacturers, showcasing electric, hybrid, and fuel-efficient vehicles, as well as advanced automotive technologies. The event will include the unveiling of new models and electric vehicles f

India’s economy has consistently been a focal point for Non-Resident Indians (NRIs) seeking long-term investment opportunities. With its rapid economic growth, demographic dividend, and government reforms, India offers several promising sectors for NRIs to invest in. Himanshu Kohli, an expert in wealth management, highlights the top four sectors that provide significant potential for long-term returns. 1. Real Estate The Indian real estate m

India has achieved a major milestone by surpassing $1 trillion in Foreign Direct Investment (FDI) since the turn of the century. Latest data from the Department for Promotion of Industry and Internal Trade (DPIIT) reveals that from April 2000 to September 2024, India attracted a total of $1,033.40 billion in FDI. This surge underscores India’s growing appeal as a global investment hub. Significant contributions have come from countries like Mauritius (25%), Singapore (24%), an

In a major boost to Rajasthan's economic prospects, the Adani Group has pledged to invest Rs 7.5 lakh crore in the state over the next five years. This massive investment will fund key infrastructure projects, including the creation of four new cement plants and the establishment of a world-leading green energy ecosystem. Karan Adani, CEO of Adani Ports, shared these details at the 'Rising Rajasthan' Investor Summit 2024, where he highlighted the ambitious plans to build the world

The National Pension Scheme (NPS) Vatsalya, launched on September 18, 2023, has seen a positive response from Indian parents looking to invest in their children's future. As of November 17, 2023, the scheme has attracted 66,495 subscribers, with Maharashtra leading the pack with 9,219 accounts. Andhra Pradesh and Karnataka follow closely with over 6,500 subscribers each. In total, 18 states have seen over 1,000 accounts opened, demonstrating the scheme’s growing appeal. Th

The State of Sustainability Readiness Report 2024 by IBM reveals a strong trend among Indian business leaders to significantly increase investments in IT for sustainability over the next 12 months. With 98% of respondents planning to expand their IT budgets, Indian executives view sustainability as essential for driving environmental responsibility, long-term business resilience, and improving brand reputation. The report highlights AI's transformative potential in helping busine

The Reserve Bank of India (RBI) has cancelled the registration certificates of two non-banking financial companies (NBFCs)—Ulhas Securities Pvt. and Sikar Investment Co.. The registration of Ulhas Securities, based in Gandhinagar, Gujarat, was granted in December 2003, while Sikar Investment, based in Bharatpur, Rajasthan, had been registered in March 1998. The cancellation was carried out under Section 45-IA (6) of the Reserve Bank of India Act, 1934, which allows the RBI to

A groundbreaking study using data from NASA and German satellites has revealed a concerning and persistent decline in Earth's freshwater reserves since May 2014. The findings, published in Surveys in Geophysics, highlight a significant reduction in the amount of freshwater stored on land, including in lakes, rivers, and underground aquifers. This shift, tracked by the Gravity Recovery and Climate Experiment (GRACE) mission, suggests a transition towards drier conditions across co

Donald Trump's victory in the 2024 US presidential election has sent shockwaves through global markets, with countries around the world feeling the effects of his win. The dynamics between nations are shifting, and conflicts are being impacted in new ways, highlighting the significant role Trump plays on the world stage. One country that stands to benefit from Trump's policies is India. With China currently dominating the market as the largest exporter of iPhones, India is

That Andhra Pradesh state IT and education minister Nara Lokesh is gradually emerging as the heir apparent of his father and chief minister N Chandrababu Naidu is being established gradually in the TDP and also the government. The way the TDP ranks have been calling Lokesh the future chief minister of Andhra Pradesh on social media and the state government carrying his picture on the front page advertisements of the official programmes along with his father clearly indicated that Lokesh is em